4 items today!

Tuesday, May 17, 2016 Francisco Carneiro 0 Comments

Recently, Exxon Mobil lost it’s perfect triple-A credit rating it held since 1930 as Standard & Poor’s downgraded it to double A +, leaving only Microsoft and Johnson & Johnson at the top
A Gary Shilling INSIGHT


Apple CEO Tim Cook will visit India this week and meet Prime Minister Narendra Modi, two sources familiar with the matter said on Monday.
Reuters


Underdogs are overrated, Leicester city success should be celebrated but not sentimentalized
Economist

CARACAS, Venezuela—President Nicolás Maduro’s government said on Thursday that it would cut electrical power by four hours a day for 40 days across much of Venezuela to save energy, even though the country is already reeling from frequent blackouts………………..“Who’s going to replace our food that goes bad after the light is turned off?” said Ana Gomez, a 39-year-old accountant. “Who’s going to guarantee me that it’ll be the four hours the governments says it’ll be?”

The Wall Street Journal


My comments

Usually what is supposed to happen happens. That is why technology /information/ data/science are winning vs superstition, habit & tradition. That is why the machine will win vs man.

The victory of the underdog is not the normal thing the opposite is the usual. In Venezuela what is supposed to happen is happening, bad policies end badly. It could take time but the result is given. 

The big get bigger is a theme of this blog. Tim cook to visit Modi is a big symptom he does not meet with the information minister he meets with the PM Modi!




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